Honeywell’s UOP and ExxonMobil Research & Engineering Company Create Licensing Alliance to Offer Advanced Lubes and Fuels Production Technology
Alliance brings together production technology from ExxonMobil Research & Engineering Company with hydroprocessing technology from Honeywell UOP to produce more and better products from each barrel of crude
DES PLAINES, Ill., Aug. 3, 2011 — UOP LLC, a Honeywell (NYSE: HON) company, announced today that it has formed a licensing alliance with ExxonMobil Research &
Engineering Company (EMRE) to offer integrated solutions for the production of lubricant oils
and high-quality fuels.
The agreement between Honeywell UOP and EMRE will provide a one-stop solution for refiners to maximize production levels of both lubricant oils and diesel fuel. The alliance brings together EMRE technology, used to produce lube base oils for use in motor oil, with UOP hydroprocessing solutions, which produce the high-quality feedstocks needed for lubricant production.
Customers will also be able to access integrated process design solutions for EMRE fuel dewaxing technologies and UOP hydroprocessing solutions to produce high-cetane, ultra-clean diesel for cold climates in a single engineering package
“By bringing together these two well-established portfolios, we are maximizing solutions for our customers to produce more and better products from each barrel of crude,” said Pete Piotrowski, vice president and general manager of Process Technology and Equipment for Honeywell’s UOP. “The integration of EMRE and UOP technologies allows refiners to achieve impressive yields of dewaxed fuels and lube products while optimizing their operating and capital costs.”
UOP Unicracking™ hydroprocessing processes and catalysts upgrade crude oil to produce ultra-clean distillate products and lube oil feedstocks. UOP has been developing and licensing hydroprocessing solutions, including advanced catalysts and specialty equipment, for more than 50 years, with more than 200 units licensed in over 40 countries.
EMRE is the research and engineering arm of Exxon Mobil Corporation, a leading global oil, natural gas, and petrochemicals company whose subsidiaries have operations in nearly 200 countries and territories. UOP LLC, headquartered in Des Plaines, Illinois, USA, is a leading international supplier and licensor of process technology, catalysts, adsorbents, process plants, and consulting services to the petroleum refining, petrochemical, and gas processing industries. UOP is a wholly-owned subsidiary of Honeywell International, Inc. and is part of Honeywell’s Specialty Materials strategic business group. For more information, go to www.uop.com.
Honeywell International (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.
This release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on management’s assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by our forward-looking statements. Our forward-looking statements are also subject to risks and uncertainties, which can affect our performance in both the near- and long-term. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.
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